Legacy Costs Wonâ€™t Catch Up to Asian Auto Makers

DETROIT â€“ Unlike their Detroit counterparts, Asia-based auto makers will never be weighed down by legacy costs, a leading productivity expert says.
Pension obligations are draining profits from the traditional U.S. Big Three because of generous retirement packages and the sheer number of retirees, says Laurie Felax, vice president, Harbour Consulting.
General Motors Corp., alone, supports about 300,000 retirees and surviving spouses. That is more than twice the number of active employees ...

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